Past Webinar

Q&A: How Helsingborg is creating the first city climate investment plan

You've been wondering...
On December 1st, we held a webinar in partnership with the City of Helsingborg. The webinar focused on Climate Investment Plans (CIP) and was a deep dive into Helsingborg's experience of creating their first Climate Investment plan focused on the city's Transport sector.
We have compiled a Q&A with the key questions asked by audience.
Best practice from Helsingborg
Answered by the Helsingborg team: Elin Sundqvist (Climate Strategist), Milou Mandolin ( Climate Strategist), Niklas Bäckström (Financial Controller)
How do citizens and businesses participate in Helsingborg’s municipal program?
We have a number of different ways that we focus on citizens and businesses. First there is our digital platform that we can use to engage our citizens for different projects. When we are developing a new plan, for example like the climate and energy plan. We also have a local climate agreement run by citizens for citizens which helps with engaging each other and putting pressure on the city and politicians to act on climate neutrality. We also have something called the Helsingborg declaration focused on stakeholders from the entire logistic chain, with the goal of gathering different actors who can help us with the transition to be climate neutral by 2030.
More information referencing the engagement with businesses can be found here.
How will Helsingborg operationalize its climate investment plan to unlock additional funding?
We are optimistic about finding a solution for our municipal investments. In the past we have financed our investments with our own equity or from taxable income. If we need external capital we have a sustainability linked bond program to access this. For all the investments that are needed in the private sector we are very open minded to finding solutions for these.
Are you working with the whole investment budget and policies behind it to calculate CO2-emissions where you have planned investments?
Helsingborg’s Climate and Energy plan lists 'Finance management: facilitate a sustainable municipal finance market' as one of six prioritized areas. In order to fulfill that ambition, one of the actions are:
For investments with a purchase value above 15 million SEK (VAT exclusive), a consequence assessment should be performed from a sustainability perspective. An aggregation of social, economical, and environmental aspects should be produced before a decision is taken.
Will your CCC action and investment plans be duplicates or will they be combined plans?
Our current Climate- and Energy plan (CEP) was adopted in 2018, and extends to 2024.
Next year we will begin the work of developing a new CEP. Since we are part of the EU Mission
100 Climate-Neutral and Smart Cities by 2030, we will also develop our Climate City Contract (CCC) next year.
We believe that we will benefit greatly from developing the new CEP and CCC at the same time. We cannot answer exactly what information will be found in which document yet. However, we see that it is important that the CEP and the CCC complement each other rather than repeat the same information.
What is the policy result of working with a climate investment plan in Helsingborg?
We started working on the climate investment plan together with ClimateView in September 2022. As the transport sector accounts for approximately 40% of Helsingborg’s total emissions, we started to investigate what a climate investment plan for that sector could look like.
We have not finalized the plan yet, and therefore do not know what possible policy changes the plan will lead to. With that being said, we see the climate investment plan as a tool which we have to work iteratively with. We are already working with sustainability-linked bonds, which have led to policy change. You can read more about it: Helsingborg Sustainability-Linked Bond Framework
What is next for Helsingborg?
Understanding the gap between our goals and our actions. We also have to look into how we find the right measures to reach net zero, and continue to develop our Climate City Contract and our Climate Investment Plan for other sectors.
Data inputs, costs and investments within ClimateOS
What type of data is used as an input in ClimateOS?
The system is populated by a combination of official and academic data points that will give you a good foundation to start. We use the latest science-based research to include local economic data. Here is an example of an academic paper that provides useful assumptions.
All data is referenced throughout the platform and can be supplemented with data that cities have access to. It’s important to point out that what you get is not just data but the modeling of this data. We leverage hundreds of data points in advanced computations. That would be close to impossible in a spreadsheet.
Can you explain how costs are estimated in ClimateOS?
Both from you, and from the system. Project costs come from your own projects, which you populate the system with. In addition, ClimateOS models CAPEX & OPEX for a transition; for example, it estimates the CAPEX needed for the transition to electric buses.
Does the tool cover public and private investments?
ClimateOS covers the investments that need to be made by both public and private stakeholders, with stakeholder attribution built in.
Is there a way to split out the financial benefits of a transition and the co-benefits?
Yes - that is possible. Alongside this, we are also prototyping & iterating with financial institutions to make sure the analysis and the output matches their needs.
How does ClimateOS handle the integration of private investments into the CIP?
ClimateOS is flexible, you can adjust what is shown in your public-facing plan.
How did you estimate the investments that need to be done by the municipality for bike paths/parking?
Bicycle parking is not yet modeled in that transition, but it might be a good idea to include - thank you!
Are the investment costs for cars taken into account in the models?
Yes, the costs of different vehicle types (bikes, EVs, diesel cars) are taken into account, including amortization costs, fuel costs and maintenance costs.
How is uncertainty in the financial benefits considered and visualized in the system?
We are prototyping different ways to visualize a span of potential outcomes, given a certain probability distribution. Another example is the impact of changing interest rates on the net present value - also a span associated with uncertainty.
Is ClimateView based on the EU ECOFIN Guide for evaluating investment, costs and benefits?
It is not based on it, but closely aligned with it.
Do you have any examples of how to attract private finance into otherwise unattractive (to investors) areas of the transition like Entangled Challenges?
Our goal is to enable cities to bundle a variety of projects in ways that are useful and attractive to outside capital. For example, a city (and its partners) may have a large number of small projects that, on their own, are not attractive to investors, but through bundling you can reach a scale that makes them compelling.
Using ClimateOS
Can ClimateOS be used by a region or is it just available at the City/ Municipality level?
ClimateOS can be used for any type of territory, ranging from a city like Helsingborg to country level, as is used in Sweden by the Panorama dashboard.
Can you add external stakeholders in Climate OS and fine tune stakeholder attribution?
You can invite other stakeholders and collaborate with them in ClimateOS. You can also decide on the distribution of costs among those stakeholders.
Are scope 1 & 2 emissions included in ClimateOS?
ClimateOS includes scopes 1, 2 and 3 emissions.
Can the tool address political will gaps?
Our tool tells you what is technically possible, based on your data. You can then set your targets according to your political and societal preferences. This gives you the flexibility to reflect political preferences, regulatory barriers.
Which other indicators are included in ClimateOS?
A few examples are: NOx, fine particulate matter (PM2.5 etc), noise, risk of traffic accidents and many more.
Can you adjust or add time horizons, to add shorter and longer targets?
Horizons are set by your own goals and targets. This is flexible and can be fully customized.
How about monetization of non monetary benefits, like externalities?
Externalities are modeled in terms of their monetary impact.